1) To update my investment portfolio in Singapore.
2) To share out my investment strategies and ideas in stock market.
3) Explain what are the different types of investment instruments and how to buy them in Singapore.

Wednesday, June 30, 2010

Support/Resistance:The chart is still trading below the lower uptrend line. There are still no confirmation of further break down yet. The major support will be at $0.46 and the major resistance will be at $0.72.

Indicators:Looking at the MACD, RSI and Stochastic, the three indicators have little changes as compared to last two weeks. There is no clear buying or selling signal.

My Target Price:I might be selling some lots at around $0.70.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.